In today’s session Waste Management, Inc. (WM) registered an unusually high (738) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious WM increase. With 738 contracts traded and 21934 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: WM170120C00065000 closed last at: $0.85 or 19% down. About 881,247 shares traded hands. Waste Management, Inc. (NYSE:WM) has risen 6.29% since March 14, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
Analysts await Waste Management, Inc. (NYSE:WM) to report earnings on October, 25. They expect $0.80 earnings per share, up 8.11% or $0.06 from last year’s $0.74 per share. WM’s profit will be $354.80 million for 19.61 P/E if the $0.80 EPS becomes a reality. After $0.74 actual earnings per share reported by Waste Management, Inc. for the previous quarter, Wall Street now forecasts 8.11% EPS growth.
Waste Management, Inc. (NYSE:WM) Ratings Coverage
Out of 11 analysts covering Waste Management Inc. (NYSE:WM), 4 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 36% are positive. Waste Management Inc. has been the topic of 18 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, December 17 by JP Morgan. Argus Research upgraded Waste Management, Inc. (NYSE:WM) on Tuesday, July 28 to “Buy” rating. The firm has “Neutral” rating given on Tuesday, March 22 by Sterne Agee CRT. The firm has “Outperform” rating by Wedbush given on Friday, April 29. The company was downgraded on Thursday, October 13 by Wedbush. The firm has “In-Line” rating given on Friday, February 19 by Imperial Capital. The company was upgraded on Tuesday, August 9 by KeyBanc Capital Markets. The firm has “Neutral” rating by Macquarie Research given on Friday, August 26. The rating was upgraded by Stifel Nicolaus to “Buy” on Wednesday, October 21. Argus Research maintained Waste Management, Inc. (NYSE:WM) on Thursday, November 5 with “Buy” rating.
According to Zacks Investment Research, “Waste Management Inc. provides integrated waste management services in North America and internationally. In North America, the company provides solid waste management services including collection, transfer, recycling and resource recovery services, and disposal services. Included in its international operations is the collection and transportation of solid, hazardous and medical wastes and recyclable materials and the treatment and disposal of recyclable materials.”
Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.11, from 1.02 in 2016Q1. The ratio is positive, as 42 funds sold all Waste Management, Inc. shares owned while 276 reduced positions. 71 funds bought stakes while 287 increased positions. They now own 327.80 million shares or 3.03% less from 338.05 million shares in 2016Q1.
The Maine-based Vigilant Cap Mngmt Limited Com has invested 0.01% in Waste Management, Inc. (NYSE:WM). Moreover, Mitchell Mcleod Pugh Williams has 0.19% invested in Waste Management, Inc. (NYSE:WM) for 3,138 shares. Qs Invsts Ltd Liability Co accumulated 348,622 shares or 0.2% of the stock. Pacific Global Inv Co accumulated 0.06% or 3,588 shares. Cookson Peirce Company reported 323,499 shares or 3.19% of all its holdings. St James Inv Ltd Liability holds 8,951 shares or 0.08% of its portfolio. Woodmont Investment Counsel reported 37,332 shares or 0.74% of all its holdings. 1St Glob Advsr has 0.11% invested in the company for 11,494 shares. The Georgia-based Synovus Financial has invested 0.21% in Waste Management, Inc. (NYSE:WM). Dai Ichi Life Insurance Ltd accumulated 0.1% or 52,445 shares. Franklin Resources holds 8,930 shares or 0% of its portfolio. Signaturefd Ltd Liability Com holds 0% or 241 shares in its portfolio. Blackrock Advisors Limited Liability Com last reported 0.02% of its portfolio in the stock. Haverford Financial Services, a Pennsylvania-based fund reported 6,130 shares. Winslow Evans & Crocker Incorporated holds 0% of its portfolio in Waste Management, Inc. (NYSE:WM) for 808 shares.
Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 20 sales for $18.08 million net activity. Schwartz Mark E. had sold 1 shares worth $61. CLARK FRANK M sold $30,178 worth of stock or 449 shares. GROSS PATRICK W sold 482 shares worth $32,388. $30,343 worth of shares were sold by WEIDEMEYER THOMAS H on Friday, July 15. Harris Jeff M had sold 15,800 shares worth $964,408 on Wednesday, May 25. $72,726 worth of Waste Management, Inc. (NYSE:WM) was sold by Carpenter Don P. Shares for $492,790 were sold by Fish James C Jr on Thursday, August 11.
Waste Management, Inc. is a holding company. The company has a market cap of $27.83 billion. The Firm provides waste management environmental services. It has a 24.48 P/E ratio. The Company’s divisions include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other.
WM Company Profile
Waste Management, Inc., incorporated on April 28, 1995, is a holding company. The Firm provides waste management environmental services. The Company’s divisions include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. Through its subsidiaries, it also develops, operates and owns landfill gas-to-energy facilities in the United States. It owns or operates approximately 250 landfill sites, which is the network of landfills in North America. It also uses waste to create energy, recovering the gas produced naturally as waste decomposes in landfills and using the gas in generators to make electricity. The Company, as a recycler in North America, handles materials that include paper, cardboard, glass, plastic and metal. It provides recycling programs for municipalities, businesses and households across the United States and Canada, as well as other services. It owns or operates approximately 300 transfer stations in North America.
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